MicroVision, Inc. (NASDAQ: MVIS) announced it signed a Master Development Agreement on June 1, 2026, with an unidentified construction and mining equipment manufacturer to develop lidar technology for autonomous hauling solutions.

The agreement establishes a framework for joint development of perception capabilities designed for autonomous equipment platforms used in industrial environments. The collaboration will focus on deploying lidar sensing technologies that provide environmental awareness and obstacle detection in complex industrial settings.

The initial system configuration features two of MicroVision's Iris lidar sensors on each off-highway truck for hauling operations, including quarry and aggregate operations. Future integration may include MicroVision's Halo lidar sensors.

"Signing this MDA represents a significant milestone in MicroVision's strategy to bring our perception technologies into large-scale industrial applications," said Glen DeVos, Chief Executive Officer of MicroVision.

The collaboration leverages MicroVision's portfolio of perception technologies, including long-range lidar, short-range lidar, and software-defined perception capabilities developed for automotive, industrial, and security applications. Development activities are currently underway, with testing and validation efforts supporting the customer's autonomous product roadmap.

MicroVision, based in Redmond, Washington, develops lidar-based perception solutions for automotive, industrial, and security markets. The company operates engineering centers in the United States and Germany.